Steward Partners Investment Advisory LLC grew its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,171 shares of the technology company's stock after buying an additional 18,437 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in International Business Machines were worth $36,098,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in IBM. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at $31,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Finally, Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 58.96% of the company's stock.
International Business Machines Stock Up 1.1%
Shares of NYSE:IBM opened at $239.75 on Friday. International Business Machines Corporation has a 12 month low of $192.86 and a 12 month high of $296.16. The company's 50-day moving average price is $273.29 and its two-hundred day moving average price is $258.66. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $222.82 billion, a P/E ratio of 38.92, a P/E/G ratio of 3.69 and a beta of 0.69.
International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the firm earned $2.43 EPS. The company's revenue was up 7.7% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on IBM shares. BMO Capital Markets increased their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. UBS Group boosted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday. Wedbush lifted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $268.75.
View Our Latest Stock Analysis on International Business Machines
International Business Machines Company Profile
(
Free Report)
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
Featured Articles
Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider International Business Machines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.
While International Business Machines currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.